Ivy Housing Sells Student Housing Asset At 127 State Street In Glassboro For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsStudent Housing3,162 SF
Sold 11/20/2024
SOLD
Ivy Housing Sells Student Housing Asset At 127 State Street In Glassboro For $1.4M
127 State Street
See Similar DealsStudent Housing3,162 SF
Sold 11/20/2024
Summary
NEW JERSEY
Asset Type:Student Housing
Price Per Square Foot:$442
Total Square Footage:3,162 SF
Transaction Type:Sale
The property asset involved in this transaction is a student housing facility located at 127 State Street in Glassboro. The sale price for the property was $1,400,000. The asset has a total square footage of 3,162 and a price per square foot of $442.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $1,400,000
- Address: 127 State Street
- Market: Glassboro
- Square Footage: 3,162
- Price per Square Foot: $442
- Seller: Ivy Housing
- Broker: Joshua Haas - Garden State Properties Group
Joshua Haas from Garden State Properties Group represented Ivy Housing in this sale transaction. This deal was finalized on November 20, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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